Some people call it a failure and ask writer to admit the mistake. Well. At Chamatkar we have been taught to protect investors interest to the best possible though we are neither market makers nor brokers nor operators. We try to derive the best out of the system and share with you. SBI is classical example. Even since Rs 900 we are bullish on this stock and irrespective of SBI going to dogs at Rs 854, we have decided to carry the stock in our recommended SC calls. Another example was RIL. We were ever bullish in RIL from Rs 500 with target price of Rs 1400 and also first to disclose the value of de-merged stocks. When today a wire media projected the price of Rs 400 for the residual part of RIL, we had the last laugh to see the valuations. At this valuation RIL is already trading at Rs 1120 and with listing gains and upside of another Rs 100 in RIL would take RIL to Rs 1400 as projected by us to begin with us.
Stock market requires patience and investors do need to understand that all stocks cannot move with Sensex. Some are slow movers and some are fast. Some move against the trend whereas momentums stocks only moves with the trend. Therefore entry and exit in momentum stocks could be linked with Sensex not for all. Typically stocks move with some announcements like Sayaji Hotel. Accumulation in this stock had taken place at Rs 10 where we had initiated a buy call but RJs entry was announced only at Rs 80 plus. There are some silent stocks like VIP and Blow Plast where even RJ is waiting for re-rating and some triggers and therefore investors can not say this stock is not good, it is underperforming and therefore we need to exit.
Typically off late the traders mentality has become to go after stocks which move CTC like Transgene Biotech in the haste of getting quick bucks but what is the end result..? One down circuit and then up everybody is out of the game?
Century Textiles is my best bet at the moment as Kumar Mangalam is on the verge of taking charge of Century which will allow him to form a dream myth cement entity. Century is also shifting its plant to Gujrat and also selling its worli property to Wadia Trust. Cement valuation is yet to be reflected in Century price because ACC has moved from Rs 300 to Rs 600 and yet Century is lying in the range of Rs 300. Once it crosses Rs 360, it will go into overdrive with very few delivery trading. I think Century is heading for Rs 600 to Rs 700 in next 12 months.
Stock market requires patience and investors do need to understand that all stocks cannot move with Sensex. Some are slow movers and some are fast. Some move against the trend whereas momentums stocks only moves with the trend. Therefore entry and exit in momentum stocks could be linked with Sensex not for all. Typically stocks move with some announcements like Sayaji Hotel. Accumulation in this stock had taken place at Rs 10 where we had initiated a buy call but RJs entry was announced only at Rs 80 plus. There are some silent stocks like VIP and Blow Plast where even RJ is waiting for re-rating and some triggers and therefore investors can not say this stock is not good, it is underperforming and therefore we need to exit.
Typically off late the traders mentality has become to go after stocks which move CTC like Transgene Biotech in the haste of getting quick bucks but what is the end result..? One down circuit and then up everybody is out of the game?
Century Textiles is my best bet at the moment as Kumar Mangalam is on the verge of taking charge of Century which will allow him to form a dream myth cement entity. Century is also shifting its plant to Gujrat and also selling its worli property to Wadia Trust. Cement valuation is yet to be reflected in Century price because ACC has moved from Rs 300 to Rs 600 and yet Century is lying in the range of Rs 300. Once it crosses Rs 360, it will go into overdrive with very few delivery trading. I think Century is heading for Rs 600 to Rs 700 in next 12 months.